Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of ammonium sulfate in China was 855 RMB/ton on July 17th, and 870 RMB/ton on July 21st. This week, the market price of ammonium sulfate was increased by 1.75%.

Analysis review

The domestic ammonium sulfate market was improving this week, with prices continuing to rise. The inventory of coking grade ammonium sulfate was relatively low, and the bidding price had been raised again, while the CPL grade ammonium sulfate had been slightly increased. The rise in the international urea market boosted the industry's mentality. This week, the trend of urea prices continued to be stronger and upward, which was laterally positive for the ammonium sulfate market. Downstream procurement was mainly on demand, support from the demand side was stable, and the ammonium sulfate market remained strong. As of July 21st, the mainstream factory quotation for coking grade ammonium sulfate in Shandong was around 865 RMB/ton. The mainstream factory quotation for CPL grade ammonium sulfate in Shandong was around 860-890 RMB/ton.

Market outlook

According to ammonium sulfate analysts from SunSirs, due to the recent boost in urea and low inventory of ammonium sulfate, domestic ammonium sulfate prices continued to rise, the industry's mentality of buying up rather than falling increased. Under the influence of favorable factors, it is expected that the price of ammonium sulfate will continue to be stronger in the short term.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.